Political pressure to hold back foreclosures? My take is that the banks are pretty much in control. As mch as I am loathe to admit it, I think Mr O’Toole is right, in that there won’t be a tsunami of foreclosures hitting the market. If equilibrium has been achieved then more may come onto the market, but prices won’t be as volatile.
TG, 25% increase in prices? What about the mid to high end?
